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CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 23 AUGUST 2019

capitalstars-Equity-market-Outlook

Market Live: Nifty likely to open flat.

The Nifty50 is expected to open flat-to-lower on Friday tracking Asian markets which were trading mixed ahead of the Federal Reserve Chair Jerome Powell speech in Jackson Hole, Wyoming, for clues on the central bank monetary policy. US stocks ended mostly higher on Thursday. The Dow Jones Industrial Average rose 49.51 points to 26,252.24, the S&P 500 or 0.05 percent, to 2,922.95 and the Nasdaq Composite dropped 28.82 points to 7,991.39. Trends on SGX Nifty indicate a negative opening for the broader index in India, with 0.08 percent loss or 9 points. Nifty futures were trading around 10,716-level on the Singaporean Exchange. The S&P BSE Sensex plunged 587 points to 36,472 while the Nifty50 closed 177 points lower at 10,741 on Thursday.

Global Market:

Asian Markets: Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.62% while the Hang Seng is up 0.58%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.17%, while the Bovespa led the S&P 500 lower. They fell 1.18% and 0.05% respectively.
European Markets: European markets finished broadly lower today with shares in London leading the region. The FTSE 100 is down 1.05% while France’s CAC 40 is off 0.87% and Germany’s DAX is lower by 0.47%.

Major Headlines of the day:

Rupee stands at 71.92 per dollar.

Pidilite Industries commissions adhesive manufacturing plant in Bangladesh, This will be PSCBL second plant in addition to the existing plant at Munshigonj in Bangladesh.

Dabur India arm acquires management control of Excel Investments, UAE Accordingly ‘Excel Investments (FZE)’ has become a step down wholly owned subsidiary company ofDabur India Limited w.e.f. 20 August, 2019.

Thyssenkrupp files complaint against EU Commission decision Finally, the commitments submitted by thyssenkrupp and Tata Steel, consisting of production facilities, long-term supply contracts and significant investments, would have been sufficient to remove competition concerns.

Trend in FII flows:- The FIIs were Net Value of Rs -902.99 segment while the DIIs were Net Value of 1719.07 the provisional figures.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

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